JPY Daily Review April 30, 2017

JPY Daily Review for April 30, 2017

EUR/USD: Bullish: Anticipating a move above 1.1000.While the relatively weak daily closing has dented the upward momentum, it is still early to expect a short-term top. As long as 1.0830 is intact, we continue to anticipate a break a move above 1.1000 even though we must admit that the odds for such a move have diminishedGBP/USD: Bullish: Overbough

Bank of America Merrill Lynch FX Strategy Research notes that investors’ focus shifts back to central banks after the French elections.On the ECB, BofAML notes that the central bank did not rock the boat this week, and expects them to announce QE tapering this fall, as they do not seem willing to increase the issue limit or